Know More about Singapore Electricity Tariff

by Chinly L. Personal What is a tariff?

A tariff refers to the pricing structure that a retailer charges a customer for energy consumption. Generally, it can be divided into 2 parts. One is the fixed charge for supply of energy to your premises and another one is the variable charge for the amount of energy you use.

Tariffs vary according to your energy distributor. And the variable charge relates directly to how much you consume.

There are three types of Singapore energy tariffs:

- standard offer – set by the retailer, published
- market retail offer – set by the retailer, not published
- government regulated offer – set by the government with input from the retailer

It needs mentioning that not all offer types are available in all states.

When it comes to Singapore electricity tariffs, there are five types:

- single rate – no variation in usage rates whatever time of day or year it is
- block rate – a usage rate calculated based on blocks of usage
- time of use – different times of day incur different rates and same goes for different times of year
- off-peak – rates change in low usage periods, such as overnight
- feed in tariff – paid to the customer based on the amount of energy they feed-in to the grid, mainly made possible by generating solar power using solar panels. It is only applied on top of one of the other usage tariffs

The tariff structure for gas depends on your state.

Singapore households will pay 25% less for their electricity bills this year. The Energy Market Authority (EMA) said because of the global downturn. Fuel oil prices have fallen by as much as 40%. Households and small businesses will pay 24.54 cents per kilowatt hour. This is the first time fall in electricity tariffs since April 2007.

Singapore's electricity rates are calculated using a formula pegged to fuel oil prices, reviewed every three months. Fuel oil prices only account for 50% of the final tariff - power generation, delivery and other fees account for the rest. EMA said there's no guarantee that electricity tariffs will not go up. It is said that the best thing for Singaporeans to do is to practise energy saving habits such as switching off appliances when not in use.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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